#CryptoWisdom from #Crypto OGs (Original Gangsters)
A concise guide
1. Start Small, Learn Big
Brock Pierce advises beginners to view initial investments as self-investments. As holdings grow, understanding hodling (HODL = Hold On for Dear Life, refers to the strategy of not selling digital assets, even amid extreme price changes in the market) and crypto basics becomes crucial. It's a marathon, not a sprint.
2. Â Self-Custody Security
  "Not your keys, not your coins" is a vital mantra. Itai Avneri stresses self-custody, emphasizing holding assets securely. Tim Draper adds that #BTC on Ledger (BOL) is the safest personal money.
3. Â Diversify and Learn
 Pierce advocates diversification, urging advanced users to explore yield farming and #DeFi Andrew Latham stresses diversification across asset classes for surviving market downturns.
4. Â High-Conviction Ethereum
  Lakov Levin leans on #ETH considering it the foundation for the financial evolution. Staking Ethereum provides a 5% APR in ETH, presenting a unique financial opportunity.
5. Â Stop Loss Discipline
  Pierce suggests using stop losses in market downturns. Levin emphasizes discipline when using stop losses, recommending a break after a stop-loss event.
6. Â Options Trading Sophistication
  Options trading, based on the Black-Scholes model, hedges against extreme volatility. Pierce advises caution, as leverage can lead to wealth demise if not used skillfully.
7. Â Avoiding Scams
  Roger Ying of Crytolock.ai emphasizes education on preventing crypto breaches and detecting illicit transactions. Immediate notification of unintended transactions can prevent losses.
8. Â Hodling Wisdom
  Pierce recommends cold storage using hardware wallets for safe hodling.
9. Â Patience and Conviction
  Hodling requires patience and conviction. Andrew Latham advises investing in cryptocurrencies with long-term potential and regularly reviewing holdings.
In the dynamic crypto landscape, these insights serve as a compass, helping you navigate volatility wisely.